DUBAI / WAM Dubai South is set to highlight the latest developments in the Middle East’s rapidly growing e-commerce sector at the upcoming eCommerce Expo in Olympia, London, where it will be promoting the Logistics District and its recently launched fully dedicated e-commerce free zone, EZDubai. The eCommerce Expo is scheduled take place on September 25-26 and is considered UK’s ...
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Sheikh Mohamed, Saudi crown prince discuss consolidating ties
ABU DHABI / WAM The United Arab Emirates stands with Saudi Arabia in confronting all menacing threats to its security and stability, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said. His Highness Sheikh Mohamed made the statements in a phone call with His Royal Highness ...
Read More »UAE, Saudi dispatch 200,000 tonnes of wheat to Sudan
ABU DHABI / WAM The UAE and Saudi Arabia on Monday confirmed that the third batch comprising 200,000 tonnes of wheat has been dispatched to Sudan, meeting the needs of the population for this strategic commodity. In April 2019, the UAE and Saudi Arabia announced their commitment to providing 540,000 tonnes of wheat to enhance food security in Sudan. Last ...
Read More »DIEDC partners with DIFC, DFM, CBI to grow green sukuk market
DUBAI / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Monday signed a memorandum of understanding (MoU) with the Dubai International Financial Centre (DIFCA), the Dubai Financial Market (DFM), and Climate Bonds Initiative (CBI) to collaborate on growing the green sukuk sector and stepping up the exchange of knowledge and expertise in the field. The MoU signing took place ...
Read More »Fund transfers between UAE’s banks grow 8% to AED7.13trn in 8 months
ABU DHABI / WAM The total value of fund transfers among the UAE’s banks grew eight percent to AED7.13 trillion during the first eight months of 2019, from AED6.61 trillion in the comparable period in 2018. According to the CBUAE’s figures, fund transfers from January through August hit AED4.864 trillion, in yet a new sign reflective of the ongoing economic ...
Read More »CPhI Middle East & Africa 2019 opens in Abu Dhabi
ABU DHABI / WAM CPhI Middle East & Africa 2019, the region’s leading platform for the pharmaceutical industry, opened in Abu Dhabi on Monday at the Abu Dhabi National Exhibition Centre (Adnec), from September 16-18. The exhibition, in its second year running, was inaugurated by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, who also introduced the keynote session. ...
Read More »GCAA launches 2nd Global Investment in Aviation summit
Dubai / WAM The General Civil Aviation Authority (GCAA) announced the launch of the second edition of Global Investment in Aviation Summit (GIAS) under the theme ‘Enabling global aviation growth through fundraising and key partnership.’ The upcoming summit at Madinat Jumeirah, Dubai, on January 27- 29, 2020 aims at exchanging expertise and knowledge between officials and aviation industry experts and ...
Read More »DIFC marks landmark growth with 100 fintech firms
DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, and home to the largest, most developed financial technology ecosystem in the region, marks a significant milestone on Monday having registered more than 100 fintech firms in the Centre. The figures reflect a three-fold growth in ...
Read More »UAE first in region to transition to internet protocol version 6
Dubai / WAM The UAE ranked first in the Middle East in the transition to Internet Protocol Version 6, according to statistics from Ripe NCC, Akamai Technology and Google, less than two years after it has been launched in the country by the Telecommunications Regulatory Authority (TRA). The transition to IPv6 will have a significant positive impact on the implementation ...
Read More »Abu Dhabi’s inflation dips 0.8% in 8 months
Abu Dhabi / WAM Data released by the Statistics Centre – Abu Dhabi, noted a 0.8% decrease in the Consumer Price Index for the period from January through August, reaching 111.1% compared to 111.9% in the comparable period of 2018. The monthly publication released by SCAD provides an analysis of the Emirate’s CPI with the base year being 2014. SCAD ...
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